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China in the World Economy: Dynamic Correlation Analysis of Business Cycles

Wirtschaftswissenschaften

Autoren:
Fidrmuc, Jarko, Bátorová, Ivana, Korhonen, Iikka
Titel:
China in the World Economy: Dynamic Correlation Analysis of Business Cycles
Kurzzitat:
Fidrmuc, Jarko, Bátorová, Ivana, Korhonen, Iikka: China in the World Economy: Dynamic Correlation Analysis of Business Cycles, Oxford Journal CESifo Economic Studies, 2012; Jg. 2012 (10.1093/cesifoifs016): 1-20.
Publikationstyp:
Originalarbeiten in wissenschaftlichen Fachzeitschriften mit Review-Verfahren
Abstract:
We analyze globalization and business cycles in China and selected OECD countries using dynamic correlation analysis. We show that dynamic correlations of business cycles of OECD countries and China are low at business-cycle frequencies and positive for short-run developments. Furthermore, trade of OECD countries and China lowers the degree of business-cycle synchronization within the OECD area, especially at business-cycle frequencies. Thus, different degrees of participation in globalization can explain the differences between the business cycles of OECD countries.
Kontakt:
Forschungsbericht der Abteilung für das Jahr 2012